LogisManager

MAY 9, 2023

They evaluate their vendor and partner communities to identify the third parties they depend on the most and map them to the business risks, controls, and testing that rely on them. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

AUGUST 24, 2022

2002-2007): Financial reporting, Sarbanes-Oxley Act (SOX) compliance, and their related IT controls. 2007-2012): Audit management, enterprise, and operational risk management, compliance beyond financial controls, and more. Rasmussen sees the GRC development timeline as follows: GRC 1.0 GRC 4.0: (2018-present): Automated GRC.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Reciprocity

MARCH 24, 2022

Vendor risk management (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. Evidence may include compliance certifications, penetration test reports, financial information, and on-site audits.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Reciprocity

AUGUST 17, 2022

New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or financial position – and above all, leave the organization unable to achieve its business objectives. Risk measurement and mitigation.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Reciprocity

AUGUST 15, 2022

Regular audits of the compliance program. The Consumer Financial Protection Bureau is a consumer protection agency that responds to consumer complaints. The board sets the business objectives for your organization to manage and mitigate risks. Compliance Audit. Risk Evaluation. ” CFPB. Compliance Program.

Management 52

Management Audit Banking Risk Management 52

LogisManager

MAY 20, 2021

For example, a forensic finding made during an evaluation of Colonial Pipeline noted numerous known and preventable vulnerabilities, such as unpatched and outdated systems, that likely led to the security breach. Steven is a frequent speaker in the Energy , Financial Services and Cyber industries. Data Governance.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Reciprocity

SEPTEMBER 30, 2022

Adopting a zero-trust approach to network and data access by third parties is the best way to mitigate such risks. Site content audits and script monitoring also help manage and minimize the risks of third-party scripts and plugins. In addition to weak control policies, this increases the risk of cyberattacks.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

Healthcare 52

Healthcare Security Cybersecurity Government 52